H-P Unveils Details in Case Against Autonomy

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Robert McMillan Hewlett-Packard Co. said Autonomy Corp. improperly reported $709 million in revenue over 2 1/2 years before H-P bought the British software maker for $11 billion in 2011, as it fleshed out fraud allegations against former Autonomy executives. ...

Kocherlakota: Fed Shouldn't Raise Rates in 2015

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Ben Leubsdorf The Federal Reserve shouldn't raise its benchmark short-term interest rate in 2015, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota reiterated Tuesday. The U.S. central bank "can best achieve its objectives by keeping the fed funds rate ...

J.P. Morgan Chase Details New Probes in Filing

TODAY: May 6, 2015 PUB DATE: May 6, 2015

J.P. Morgan Chase & Co. detailed new investigations and updated other regulatory probes in its latest quarterly filing Tuesday afternoon. The largest U.S. bank by assets said it is in "advanced stages" of discussions with the Justice Department and the ...

States Look to Boost Taxes--update

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By John D. McKinnon and Matthew Dolan About a dozen states--including several led by Republican governors--are considering significant tax increases this year, despite the success of antitax conservatives in the 2014 elections. In the latest round of the debate, Michigan ...

Oil Futures End Losing Streak

TODAY: May 6, 2015 PUB DATE: May 6, 2015

HONG KONG--Crude oil futures ended a two-day losing streak Wednesday to resume an upward march that began a month-and-a-half back. On the New York Mercantile Exchange, light, sweet crude futures for delivery in June was trading above $60 a barrel, ...

Oil Futures End Two-day Losing Streak

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Biman Mukherji HONG KONG--Crude oil futures ended a two-day losing streak Wednesday to resume an upward march that began a month-and-a-half back. On the New York Mercantile Exchange, light, sweet crude futures for delivery in June was trading above ...

BMW Profit Growth Lags Jump in Revenue

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By William Boston And Monica Houston-Waesch FRANKFURT-- BMW AG, the German luxury car maker, reported a 4% jump in first-quarter net profit on sharply higher sales, boosted by strong demand in the U.S. and Europe as well as the euro's ...

Australia Retail Sales Rise less Than Expected

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By James Glynn SYDNEY--Australian retail sales rose by a less-than-expected 0.3% in March from February, and by a lower-than-anticipated 0.7% in the first quarter from the final three months of last year. Economists had been expecting a 0.4% increase in ...

Eurozone Growth Boosted by Spain, Italy

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Paul Hannon Economic growth in the eurozone eased less sharply than first estimated in April, as pickups in Spain and Italy partly offset slowdowns in Germany and France, according to surveys of purchasing managers. The surveys continue to indicate ...

Greece Jitters Rattle European Markets - Update

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Josie Cox European stocks rose tentatively Wednesday, though concerns over Greece's future continued to put pressure on government bonds. The Stoxx Europe 600, having sold off sharply Tuesday, was trading around 0.2% higher by midmorning, spurred by some robust ...

A Forlorn End To California's Aviation Glory

TODAY: May 6, 2015 PUB DATE: May 6, 2015

(FROM THE WALL STREET JOURNAL 5/6/15) By Tarun Shukla Boeing Co. has started selling off giant equipment from its military-jet plant in Southern California, in an unusual factory auction that will close a chapter in the region's history as a ...

Senate Passes Budget Agreement--Update

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Nick Timiraos The Senate passed a bicameral budget agreement Tuesday following its adoption by the House last week and marking the first joint budget resolution to pass Congress since 2009. The proposal, which outlines deep cuts to eliminate deficits ...

Senate Passes Budget Agreement

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Nick Timiraos The Senate passed a bicameral budget agreement Tuesday, following its adoption by the House last week and marking the first joint budget resolution to pass Congress since 2009. The proposal, which outlines deep cuts to eliminate deficits ...

Rothesay Life Completes $1 Billion Buyout of Lehman Pensions

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Patrick Fitzgerald Corporate pension insurer Rothesay Life on Wednesday completed a GBP675 million ($1.02 billion) buyout of the pension plan for Lehman Brothers' European arm. Under the deal, the London-based insurer will take over the liability for the defined-benefits ...

Left-Leaning Party Sweeps to Power in Canada's Oil-Rich Alberta

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Chester Dawson CALGARY--The longtime ruling party of Canada's energy-rich Alberta province lost its four-decade hold on power on Tuesday, ushering in a left-leaning government that has pledged to raise corporate taxes and increase oil and gas royalties. The Alberta ...

Czech Retail Sales Slow But Remain Solid in March

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Leos Rousek PRAGUE--Czech retail sales rose more slowly than expected in March but remained solid, data released Wednesday showed, underscoring that local consumers are continuing to drive the country's economic rebound. Retail sales in the month rose 5.9% annually ...